Citizens Energy Corporation

“Joseph p. Kennedy ii, chairman, joseph p. Kennedy iii, president, and elizabeth k. Kennedy, director of marketing (retired) have a family relationship.”

“The organization has one member, jpk holdings, llc.”

“The member elects all members of the governing body.”

“Under massachusetts law certain extraordinary corporate actions require approval of the member.”

“The form 990 is provided to the organization's governing body prior to filing electronically by e-mail before the due date for review. The information required for the form 990 is accumulated by citizens energy corporation's accounting staff during preparation of the audited financial statements. This information is then provided to outside tax consultants, reviewed by citizens energy corporation's management and then presented to the board of directors.”

“Senior management of the organization monitors and enforces compliance of the conflict of interest policy upon becoming aware of any potential conflict. The issue is then referred to citizens energy corporation's general counsel for review and advice and, if necessary, to the conflicts committee of the board of directors for resolution.”

“An independent human resources consulting (hrc) firm is commissioned on an annual basis to review the reasonableness of proposed compensation for ceo, cfo and the president. The hrc does this under the intermediate sanctions regulations for non-profits, taking into consideration job responsibilities, experience, and comparable market data utilizing benchmark databases for both non-profit and for-profit organizations. A letter describing the methodology and resulting reasonableness of the compensation on a 25th, 50th, 75th, and 90th percentile basis is provided to the board of directors for review and determination of final compensation. As a matter of policy, the board aims to target total remuneration at or below the 75th percentile.”

“The organization makes its governing documents and financial statements available to the public upon reasonable request or by referral to public records. Documents are available as public records through the office of the massachusetts secretary of state (articles of organization) and the office of the massachusetts attorney general (by-laws and annual financial statements). The conflicts of interest policy is not made available to the public. Election statement in 2020, the following entities made elections pursuant to irc sec.168(h)(6)(f)(ii) not to be treated as a tax-exempt controlled entity within the meaning irc sec. 168(h)(6)(f)(iii). - citisuns x member, llc.”

“Citizens energy corporation provides low-cost energy assistance to people in need by developing successful energy projects and using the profits to fund assistance programs. Citizens energy corporation exists to help make life's basic needs more accessible and affordable. Beginning in 1979 with oil-trading ventures in latin america and africa, citizens energy corporation has used revenues from commercial enterprises to channel hundreds of millions of dollars into charitable programs in the united states and abroad. Whether heating the homes of the elderly and poor in massachusetts, lowering the cost of prescription drugs for millions of americans, starting solar heating projects in jamaica and venezuela, or providing deeply discounted solar electricity to low-income families through our community solar projects, citizens energy corporation creates social ventures as innovative as the businesses that finance them.”

“Investments in joint ventures through cent 9,497,881.”